After one of the most severe housing shortages in history, the supply of homes for sale is finally starting to increase, according to new data from Realtor.com.
After one of the most severe housing shortages in history, the supply of homes for sale is finally starting to increase, according to new data from Realtor.com.
Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several months, with mortgage rates now double what they were at the start of this year. Home prices, likewise, dropped 0.77% from June to July, according to a recent report from Black Knight, a software, data and analytics company. While that may not sound like a lot, it was the largest monthly drop since January o...
Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several months, with mortgage rates now double what they were at the start of this year. Home prices, likewise, dropped 0.77% from June to July, according to a recent report from Black Knight, a software, data and analytics company. While that may not sound like a lot, it was the largest monthly drop since January o...
The impact of rising interest rates and ongoing price hikes could be seen in Charlotte's housing market in March, signaling another challenging environment for local buyers this spring.
The impact of rising interest rates and ongoing price hikes could be seen in Charlotte's housing market in March, signaling another challenging environment for local buyers this spring.
Ryan Schneider, Realogy Holdings CEO and president, joins 'Squawk on the Street' to discuss Schneider's expectations for home buying, the strength of markets with favorable weather and the demand for purchasing homes.
Ryan Schneider, Realogy Holdings CEO and president, joins 'Squawk on the Street' to discuss Schneider's expectations for home buying, the strength of markets with favorable weather and the demand for purchasing homes.
Community banksโ second-quarter results are expected to show increased interest income and profits as the impact of aggressive Federal Reserve rate hikes becomes evident. But it's not all good news โย as rates climb further, depositors will begin to demand higher interest payments as well, eventually driving up banksโ costs.This would come on top of already rising operational and staffing expenses amid a surge in inflation this year. Federal data shows inflation hit a 40-year high in May....
Community banksโ second-quarter results are expected to show increased interest income and profits as the impact of aggressive Federal Reserve rate hikes becomes evident. But it's not all good news โย as rates climb further, depositors will begin to demand higher interest payments as well, eventually driving up banksโ costs.This would come on top of already rising operational and staffing expenses amid a surge in inflation this year. Federal data shows inflation hit a 40-year high in May....
Housing inventory is on the rise as interest rates reduce demand from buyers. One unintended consequence: homebuilders are stepping back from development plans, which could draw out the region's housing shortage even as its jobs market continues to attract more transplants.
Housing inventory is on the rise as interest rates reduce demand from buyers. One unintended consequence: homebuilders are stepping back from development plans, which could draw out the region's housing shortage even as its jobs market continues to attract more transplants.
Home showings are slowing in North Texas, home inventories are finally rising, and first-time buyers are getting squeezed out of the housing market as mortgage rates rise fast, driving up the cost of monthly payments by hundreds of dollars on an average-priced house.
Home showings are slowing in North Texas, home inventories are finally rising, and first-time buyers are getting squeezed out of the housing market as mortgage rates rise fast, driving up the cost of monthly payments by hundreds of dollars on an average-priced house.
